BTL Difficulties

October 9th, 2015

A new EU directive on mortgage loans for buy-to-let could make it much harder for UK investors to get such loans. The rules require the same affordability criteria as are used with residential loans to be applied to buy-to-let loans to individual landlords. Some mortgage brokers think there could be a rush to beat the rules, which the Treasury reckons could affect more than one in ten BTL mortgages.